The stock market managed to close the topsy-turvy week in the green. Heralding political stability after Shehbaz Sharif took oath as the 24th prime minister of Pakistan, the market staged a robust rally of 626 points in the first session of the outgoing week which propelled the benchmark KSE 100-share index briefly above 66,000 points but settled below this level. However, the market in the
Pakistan is one of the worst countries in the world regarding gender parity, ranking 142 out of 146 countries as per the Global Gender Gap Index 2023, released by the World Economic Forum. The ranking is a function of education, health, economic opportunity, and political empowerment. It covers a wide range of economic and social indicators, including a dismal literacy rate, a high school dropo
The ongoing struggle of the world’s second-largest economy against multiple challenges, such as geopolitical tensions with the West, troubled property sector, overcapacity in the manufacturing industry, and local government indebtedness to sustain economic growth, would lead many to believe that it is fading rapidly, even if it is not over yet. However, the dragon country seems to be undertakin
Amid consumers’ continuous struggle to survive under rising costs of living and unaffordable utility bills, essential goods makers must be upbeat about robust sales and profits in 2023. Manufacturers’ shining results usually highlight sales, profit and loss, inventory losses, finance costs, gross profit, etc., but the volumes of their various products remain missing from their balance sheets. P
Government auditors facilitate the accountability of governments to legislatures and citizens across the world. Aside from enhancing transparency of operations, auditors’ work provides an independent opinion on whether tax payers’ money is being used for its intended purposes and in compliance with applicable laws, rules and regulations. Government auditors are required to be independent to carry